Barclays CEO EnergyPower Conference Lee Boothby Chairman, President & CEO Clay Gaspar Vice President MidContinent September 12, 2013
Our Strategy To deliver profitable growth from North American resource plays To focus on North American liquids plays To accelerate domestic growth in production, cash flow and reserves Our Vision: To be recognized as the…
YeartoDate Highlights Solid execution Increased production guidance DOMESTIC PRODUCTION FORECAST Natural Gas Growing domestic production 60 NGLs Oil 2013e: 40% liquids growth 50 13% 19% Significant well cost reductions in…
What Matters at Newfield Focus We are focused on four quality domestic resource plays Returns We are highgrading our investment opportunities to improve future returns and profitability Control of Operations/Cost Control We are…
Focus Area Highlights UINTA BASIN: CANA WOODFORD: Drilling efficiencies in Greater Monument Butte Recent acquisition adds 70,500 net acres Railed 250,000 barrels of oil in 1H13 Rapid liquids production growth Completed 2 SXL Uteland…
Production by Focus Areas NET AVG. PRODUCTION BY AREA (BOEPD) 1Q13 2Q13 3Q13e Uinta Cana Williston Eagle Ford Uinta 21,360 22,500 25,000 120 Cana 14,400 16,400 18,500 Williston 9,800 11,800 11,800 100 100 Eagle Ford 5,300 7,500…
NFX Woodford Shale Oklahoma Oklahoma Anadarko Basin Arkansas Texas Ardmore Arkoma Basin Basin Proven history in the Oklahoma Woodford Shale 400,000 net acres in the Woodford shale Arkoma Woodford: 500 wells (374…
Anadarko Basin Highlights: 200,000 net acres 7 operated rigs running Demonstrated drilling efficiencies Optimizing completions NFXs largest producing region by late 13 40 Cana Woodford 35 MBOEPD (net) 30 25 20 15…
Cana Woodford Strong Economics SCOOP Wet Gas SCOOP Oil North Oil Total Gross Development Well Cost (MM) 9 11 11 13 9 10 EUR 2,000 2,400 MBOE 900 1,100 MBOE 720 880 MBOE Oil 6% 46% 51% EUR Split* NGL 44% 29% 25% Gas 50% 26% 24%…
North Oil Highlights: Brueggen 1H-2X Total net acres now 150,000 926 BOEPD (89% Oil) Active development on 20,000 net Okarche 1H-12X acres; assessing remaining acreage Initial Flowback Recent SXL wells compete with SCOOP…
NFX SCOOP Oil SOUTH OIL & WG Highlights: DEVELOPMENT Developing western edge of oil window SCOOP Active assessment to the east Sublette 1H-22 1052 BOEPD (56% Oil) Recent results outperforming type curve Tina 1H-26X Operated…
NFX SCOOP Wet Gas SOUTH OIL & WG DEVELOPMENT Highlights: Active development underway SCOOP Improved results by reducing perf cluster spacing…
NFX SCOOP Wet Gas Spacing Pilots SOUTH OIL & WG Highlights: DEVELOPMENT Three spacing pilots online SCOOP Testing 5, 6 and 8 wells per section 2 operated and 1 OBO Strong performance on recent Spies Pilot Gregory Pilot Branch…
NFX is Leading in SCOOP Drilling NFX YTD /Gross Perforated Interval (GPI) decreased by 20% from 2012 average NFX YTD increased lateral lengths 35% from 2012 average 2,977 3,000 9,000' 2012 Averages 2013 YTD Averages 8,000' 2,500…
Recent SCOOP Performance vs. Type Curves YTD SCOOP Wet Gas wells performing above the type curve YTD SCOOP Oil wells performing above the type curve 2000 2000 SCOOP Wet Gas* SCOOP Oil* 1600 1600 1200 1200 BOEPD BOEPD 800…
Todays Key Takeaways Solid execution in all four focus areas Delivering improved returns through development drilling and completion efficiencies NFX posting Best in Class results in Cana Woodford SCOOP Oil & Wet Gas results…
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